The United States President Donald Trump said that China wanted to reach a Trade deal with the Americans, claiming that the Chinese contacted the U.S. officials and expressed their will to come back to the negotiating table.
“China called last night our top trade people and said, ‘let’s get back to the table’, so we’ll be getting back to the table, and I think they want to do something,” said Trump, “They’ve been hurt very badly but they understand this is the right thing to do,” he added.
This past Friedman Trump announced additional tariffs on about $550 billion in Chinese Goods, right after the Chinese announced duties on $75 billion in American goods.
According to Trump, the trade talks are resuming soon, and he believes that they're going to reach a deal.
“I think we are going to have a deal,” he said, “They have supply chains that are unbelievably intricate and people are all leaving and they are going to other countries, including the United States, by the way, we are going to get a lot of them too,” he added.
The Chinese Foreign Ministry Spokesman said that the ministry is not aware of those calls.
China wants a "calm" resolution
The Chinese Vice Premier Liu He said that China wants to solve the trade Feud through "consultations" and "cooperation" and in a "calm" attitude, adding that the Chinese Government believes that the escalation of the trade war is not beneficial for both parties and for the world.
“We are willing to resolve the issue through consultations and cooperation in a calm attitude and resolutely oppose the escalation of the trade war,” he explained, “We believe that the escalation of the trade war is not beneficial for China, the United States, nor to the interests of the people of the world,” he added.
He also invited foreign investors to invest in and operate in China, as they will continue to " create a good investment environment", protecting intellectual property rights and the integrity of the supply chines, promoting "smart intelligent industries" and opposing blockades and protectionist measures.
By 07:45 GMT the Yuan was at 7.1456, losing 3.6% since the beginning of this month and hitting an 11-year low. The CSI300 index fell by 1.4% while the Shangai Composite index lost 1.2%